Junior Collateral Analyst

Pontoon; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading global bank in London seeks a detail-oriented Collateral Associate for a contract role. Responsible for processing margin calls and ensuring compliance with EMIR and MiFIR regulations, the ideal candidate has experience in collateral management and regulatory operations. This role offers a hybrid work pattern, requiring 2-3 days onsite. Competitive rate of £220 per day is offered.

Qualifications

• Previous experience in collateral management or regulatory operations within banking or financial services.
• Strong understanding of CSA, GMRA, and ISDA documentation.
• Hands-on knowledge of EMIR and MiFIR regulatory requirements.

Responsibilities

• Process daily CSA and GMRA margin calls and interest calculations.
• Administer EMIR portfolio reconciliations, including dispute resolution and escalation.
• Liaise with Treasury to ensure funding and timely collateral delivery.

Skills

Collateral management

Regulatory operations

Data manipulation in Excel

Communication skills

Job description

Overview

Location: London (Hybrid - 2/3 days onsite)

Rate: £220.00 per day (PAYE)

Contract: Until 31st March 2026 (potential for extension)

Division: Operations

Level: Associate

*Ideal for graduates or early careers banking professionals/associates*

About the Role

SMBC is seeking a detail-oriented and proactive Collateral Associate to join our Operations team on a contract basis. This role is critical in ensuring the accurate and timely processing of margin calls, portfolio reconciliations, and compliance with EMIR and MiFIR regulations. You will work closely with internal and external stakeholders to support the bank\'s regulatory and operational requirements.

Responsibilities

• Process daily CSA and GMRA margin calls and interest calculations.
• Administer EMIR portfolio reconciliations, including dispute resolution and escalation.
• Liaise with Treasury to ensure funding and timely collateral delivery.
• Monitor Nostro accounts and resolve reconciliation breaks.
• Support User Acceptance Testing (UAT) for system upgrades and process improvements.
• Maintain and enhance desktop procedures and operational workflows.
• Ensure compliance with all relevant regulatory and contractual obligations.
• Collaborate with team members and stakeholders to deliver high-quality service.

Skills & Experience

• Previous experience in collateral management or regulatory operations within banking or financial services.
• Strong understanding of CSA, GMRA, and ISDA documentation.
• Hands-on knowledge of EMIR and MiFIR regulatory requirements.
• Proficiency in Microsoft Excel for data manipulation and reporting.
• Experience with User Acceptance Testing (UAT).
• Excellent communication and stakeholder management skills.
• Self-motivated, collaborative, and detail-oriented.

Working Pattern

Hybrid: 2-3 days onsite in London, remainder remote.

How to Apply

If you meet the above criteria and are interested in joining a global bank in a high-impact role, please confirm your interest and send your CV for consideration